COMPANY NEWS; CARNIVAL SAYS HURRICANE REFUNDS TO CURB PROFITS

Published: September 29, 2004

The Carnival Corporation, the world's biggest cruise line, said refunds prompted by Hurricane Jeanne would cut net income by 2 cents a share in the fourth quarter. The profit reduction is in addition to the 3 cents to 4 cents lost because of Hurricane Frances and other recent storms. The company, based in Miami, expects profit in the current quarter to rise to 28 cents to 30 cents a share, from 26 cents a year earlier. Carnival cut short six trips after Jeanne forced the closing of several Florida ports.